Coal India Limited (CIL), a state owned coal miner, has missed its production target by 4.3% in Q2 (Jul-Sep’14) FY15 and produced around 102.4 MnT of coal, as per company’s report. The company has also failed to achieve its monthly target (Sep’14) by 3.6% and produced around 34.9 MnT, which was targeted at 36.2 MnT.
CIL, having 8 subsidiaries based in different states, has missed its target by 4.2% in H1 FY15 and produced around 210.8 MnT instead of 220 MnT targeted during the period. Company’s coal production of Q2 FY15 has fallen by 5.5% compared to the previous quarter of the same fiscal.
As coal demand in India is increasing expeditiously, the company is taking measures to raise its production. In Q2 FY15, its production has raised by almost 5% against Q2 FY14.
|
CIL Production in Sep’14 |
||
|
Company |
Targeted |
Achieved |
|
SECL |
9.70 |
9.10 |
|
MCL |
8.85 |
9.22 |
|
NCL |
5.94 |
4.90 |
|
WCL |
3.10 |
2.45 |
|
ECL |
2.63 |
2.78 |
|
CCL |
3.50 |
3.87 |
|
BCCL |
2.40 |
2.55 |
|
NEC |
0.05 |
0.006 |
|
Total |
36.17 |
34.88 |
Qty in MnT Coal India is targeting to produce around 507 MnT during FY15, which seems unrealistic because company has been missing its target from last six consecutive months of FY15. 
CIL signs Fuel Supply Agreements CIL has signed 162 FSAs with several power plants. Earlier, the company was directed by the government to sign 172 FSAs with power projects having 78,000 MW capacity. Out of total, the company has signed only 162 agreements as the rest power plants are still struggling to get clearance from the government.
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